What Chesapeake’s Fall Means for Investors

Chesapeake Energy Corporation (CHK), an iconic oil and gas exploration and production company, has seen its shares fall more than 90% over the past year. With the collapse in crude oil prices, the stock is the latest casualty in a growing war between Saudi Arabian and American oil interests. This drop was driven by over $15 billion in impairments on its properties during the first nine months of 2015, resulting in CHK suspending its preferred stock dividend.